Suppose the United States eliminates high tariffs on German bicycles. As a result, we would expect
A) the price of German bicycles to increase in the United States.
B) employment to decrease in the German bicycle industry.
C) employment to decrease in the U.S. bicycle industry.
D) profits to rise in the U.S. bicycle industry.
Correct Answer:
Verified
Q86: The accompanying table gives domestic supply
Q87: The accompanying table gives domestic supply
Q88: Other things equal, a tariff is
A) superior
Q89: A protective tariff will
A) increase the sales
Q90: Q92: In comparing a tariff and an import Q93: Other things equal, economists would prefer![]()
A) free
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